Featured

Featured posts

News

Exxon earns $3.1 billion in Q2 2019 as Liza 1 approaches start-up

OilNOW -
Exxon Mobil Corporation on Friday announced estimated second quarter 2019 earnings of $3.1 billion, or $0.73 per share assuming dilution, compared with $4 billion a year earlier. Earnings included a favorable identified item of about $500 million, or $0.12...
News

Guyana seeking expert to review Payara development plan

OilNOW -
Authorities in Guyana have begun the process for hiring an expert to review the Field Development Plan (FDP) submitted by US oil major ExxonMobil for the 220,000 barrels per day Payara Development. “The Department of Energy (DE) has received the...
News

Liza Phase 2 targeting 600 million barrels of oil

OilNOW -
ExxonMobil’s recently sanctioned Liza Phase 2 development offshore Guyana will be targeting 600 million barrels of oil when it gets underway in 2022. The US$6 billion Liza Phase 2 Development project was sanctioned in May and will have a total...
Exploration

Liza development drilling, installation 70% complete

OilNOW -
Drilling of the development wells for the Liza Phase 1 project and installation of subsea equipment are 70 percent complete as the South American country of Guyana forges ahead to first oil now just months away. “Drilling of the Phase...
Exploration

Stabroek resources now exceed 6 billion barrels – Hess

OilNOW -
Gross resources at Guyana’s Stabroek Block now exceed 6 billion barrels of oil equivalent and potential for future multi-billion-barrel discoveries remain high. Speaking on its Q2 2019 earnings call on Wednesday, CEO of Hess corporation, John Hess, said the estimated...
Exploration

Eco Atlantic closes financial year with strong balance sheet amid Guyana prospects

OilNOW -
Eco (Atlantic) Oil & Gas Ltd (AIM: ECO, TSX-V: EOG) announced Tuesday that it has ended the financial year with cash and cash equivalents of CAD 25.0 million. As of 31 March 2019, Eco had total assets of CAD...
News

Liza Destiny crew training for emergency response

OilNOW -
The crew that is onboard the Liza Destiny—the  Floating, Production, Storage and Offloading (FPSO) vessel that is currently en route to Guyana—has been engaging in emergency response activities and other safety training while the vessel travels to the South...
News

BP and Eni sign E&P deal for Oman acreage

OilNOW -
BP and Eni on Wednesday signed an exploration and production sharing agreement (EPSA) for Block 77 in central Oman with the Ministry of Oil and Gas of the Sultanate of Oman. Block 77 covers a total area of over 2,700 square kilometres. BP and...
Exploration

Guyana says Qatar Petroleum farm-in ‘substantially unclear’

OilNOW -
Hours after Qatar Petroleum announced that it had entered into an agreement with Total for a share of exploration and production rights in two blocks offshore Guyana, the country’s energy director told reporters the deal remains ‘substantially unclear’ and...
News

Stakeholders to review final draft of local content policy

OilNOW -
Private sector groups and other stakeholders in Guyana will soon receive the final draft of the local content policy framework for review. Speaking at a press conference on Monday in Georgetown, Director of Guyana’s Department of Energy (DE), Dr. Mark...
1...796797798...983Page 797 of 983

Latest News

NewsOilNOW -

Jennifer Geerlings-Simons makes history as Suriname’s first female President amid offshore oil plans 

PARAMARIBO-SURINAME: Suriname’s National Assembly convened on Sunday to elect the country’s next president in an important parliamentary session. In...

OilNOW is a Resource Center founded and owned by Guyanese. OilNOW is an apolitical, non-partisan, privately owned agency that strives to ensure the highest degree of accuracy and balance.

Quick Access

Company Info

Social Networks